What is a Surety Bond and How it Differs from Insurance – Real Estate
In the world of real estate, there are an estimated 2 million licensed agents ready and willing to help homeowners tackle the goal of purchasing a home. While most real estate professionals have certain licensing and education requirements to follow through on, some confusion exists when it comes to insurance and bonding. Both insurance and surety bonds in the real estate industry are important components meant to offer protection. But the parties involved, the requirements to have one or the other, and the cost for bonds and insurance differ greatly.
